ASX rallies ahead of RBA decision
Ahead of the RBA’s final board meeting for 2023, the Australian share market reached a 10-week high on Monday as fears of further rate tightening continue to fade.
Ahead of the RBA’s final board meeting for 2023, the Australian share market reached a 10-week high on Monday as fears of further rate tightening continue to fade.
Australian, UK and US defence ministers are touting a brave new world of AI-backed surveillance technology just days after the Chinese navy injured Australian military personnel in the East China Sea.
With the Aussie dollar sitting at three-month highs, it’s good news for those planning a trip to the US, but what’s driving the gains?
A rally in tech and industrials saw the benchmark finish in the green on Thursday as Origin Energy’s board rejected a proposed takeover bid.
After fresh inflation data showed price pressures cooling faster than expected, the share market finished in the green on Thursday.
Ahead of the release of fresh inflation data, which is expected to show prices eased in October, the Aussie share market rallied on Tuesday.
Even Santa and his helpers can’t escape the country’s cost-of-living squeeze, with more Aussies set to turn out the lights on a beloved festive season tradition.
The Aussie dollar has spiked to a three-month high overnight, as Australia and the US eye off different paths for rate changes.
The ASX benchmark sank on Monday as falls in key commodity prices pushed major energy and mining companies lower.
A rebound in energy majors following a sell-off on Thursday saw the benchmark finish in the green on Friday.
Following a drop in oil prices after the delay of an OPEC+ meeting and a decline in iron ore prices, the Australian share market lost ground on Thursday.
An advance in large cap stocks made up for losses in real estate and tech stocks, with the benchmark unchanged on Wednesday.
Despite a fresh warning the RBA is still prepared to hike interest rates, markets were buoyed from a rally by iron ore miners.
A shocking rental lists a dank garage for $1000 a month in a grim reveal of the country’s rental crisis, with many asking how it is legal.
A drop in global oil prices has hit the Australian share market, pushing the benchmark lower on Friday with energy stocks sliding 1.6 per cent.
The parent company behind Optus has denied responsibility for the crippling outage, one day before CEO Kelly Bayer Rosmarin fronts a Senate hearing into the failure.
The Aussie share market sank on Thursday with traders seemingly unphased with the release of fresh employment data.
The budget carrier is offering travellers new direct flights to two of Australia’s most spectacular tourist destinations for just $59.
A better-than-expected US inflation print overnight pushed the ASX to an eight week high.
One state’s parliament erupted in a shouting match over how vital roads and bridges will be funded, as the federal government tries to claw back billions in cost blowouts.
Young Australians are struggling to maintain math standards and one expert has warned it threatens the nation’s infrastructure dreams.
A drop in energy and real estate stocks caused the Australian share market to lose ground on Monday.
There are now several suburbs across major cities without any spare rooms for desperate renters.
A grim warning by US Federal Reserve chair Jerome Powell saw the Australian share market finishing lower on Friday, erasing the week’s gains.
Australia’s biggest bank is the last of the Big Four to slug Aussie homeowners with another lift in interest rates. Here’s how much you’ll pay.
An Australian man has become the first to be convicted of an unusual practice known as a “pump and dump”.
The Australian sharemarket started the week lower as traders steeled themselves for another interest rate hike.
Aussie homeowners have been warned to brace for more interest rate pain, with economists at one major bank making a big prediction.
There were strong gains for oil, gas and coal companies but not much else during Thursday’s ASX session.
Lithium players, gold miners and technology stocks copped a hammering on Wednesday, but gains for a host of blue-chips managed to drag the ASX higher.
Prime Minister Anthony Albanese has barely had time to warm his seat as new data shows just how tricky the road ahead is going to be.
The Australian sharemarket has handed back some of its recent gains with banking and technology stocks in retreat.
It was a strong session for rate-sensitive technology and payment firms as the local sharemarket started the week sharply higher.
The Australian sharemarket followed Wall Street higher to finish the week higher.
The Australian sharemarket more than surrendered its gains from the previous session as a host of blue-chip firms slipped into the red.
The local sharemarket moved higher on Wednesday, even after technology stocks had another shocker.
Mining and energy companies gained but there were losses for the local banks, health care firms and supermarkets in the first ASX session under an Albanese government.
The Australian sharemarket did little to recover after it shed billions of dollars on Thursday morning, with retail stocks in a tailspin.
The technology sector was a sea of red after worrying data spooked investors and sent the sharemarket to a five-month low.
A worrying sharemarket sell-off resumed on Thursday in the wake of concerning US data, with one particular tech stock savaged.
Gains for the major miners helped the Australian sharemarket avoid a fourth straight loss and consolidate its position above the 7000 level.
The ASX tumbled again amid fears Chinese Covid-19 lockdowns and rate hikes will hurt global growth, with mining and energy companies particularly affected.
The Australian sharemarket slumped again as worries over tightening Chinese Covid restrictions added to an already bleak mood for equities.
The Australian sharemarket had its worst day since Russia invaded Ukraine back in February, capping a miserable week for investors.
Volumes were subdued as ASX investors waited for Wednesday night’s meeting of the US Fed and an expected 50 basis-point rate hike.
The Reserve Bank has announced a historic interest rate hike and set the scene for further rate rises over the coming months.
The ASX was travelling flat on Tuesday until a steeper-than-expected rate hike from the Reserve Bank sent investors fleeing for cover.
ASX investors were back-pedalling from the get-go on Monday after a brutal sell-off on Wall Street knocked tech shares sharply lower.
The Australian sharemarket is set for a rough start to the week after a brutal sell-off on Wall Street on Friday night.
Technology and telecommunications shares helped fuel a Friday rise as the ASX 200 closed out a bruising week.
Original URL: https://www.heraldsun.com.au/business/markets/australian-dollar/page/5